Saudi is mystery investor in newspaper

Saudi Arabian banker Sultan Mohamed Abuljadayel was the mystery buyer of a 30 percent stake in London's Evening Standard newspaper last December, according to a report from the Financial Times.

Speculation about the identity of the person who bought into the parent group that owns the paper had been rife, partly because the buyer had used a Cayman Islands-registered company in an apparent attempt to mask who he was.

The Financial Times said two insiders with knowledge of the deal had confirmed Abuljadayel's involvement. The Guardian newspaper said on Monday a spokesperson for the Evening Standard did not dispute that Abuljadayel was behind the purchase.